Description

Copyright 2018

Dimensions: 6" x 9"

Pages: 288

Edition: 1st

Book

ISBN-10: 0-13-466530-9

ISBN-13: 978-0-13-466530-6

We shop for everything else online…why not benefits?

Using private benefit exchanges (a.k.a. “online benefits marketplaces”), employers can bring a consumer-centric online shopping experience to benefits. Alan Cohen, a benefits technology pioneer, details how these platforms can offer unprecedented flexibility and choice to employees, revolutionize the way employers attract and retain talent, strengthen cost control in an era of skyrocketing premiums, and promote much-needed innovation in the U.S. health care system.

Discover How To

Make sense of today’s challenging benefits landscape and plan breakthrough changes that have succeeded for thousands of employers of all sizes

Leverage the lessons of the online shopping revolution to drive radical innovation

Assess the ongoing impact of health care reform, public exchanges, health care consumerism, and other trends

Alan Cohen created one of the first private exchange platforms and has pioneered this approach for more than a decade. Now, in a candid discussion of how the economic principles of choice, consumerism, and defined contribution are at work in an exchange environment, he breaks down the concept for HR professionals, entrepreneurs, brokers, insurers, health care reformers, policy makers, and employees. Cohen looks to social and economic implications to forge a future in which all eyes are on a new model of the consumer for the benefits age.

With insights from industry veterans, Employee Benefits and the New Health Care Landscape brings a fresh perspective to the debate on health care and health insurance in America.

PART II: STAKEHOLDERS: MAKING THE MOVE FROM “ONE SIZE FITS ALL” 97Chapter 5 Employers Find Skin in the Game 99A Big Bet Pays Off: TitleMax, Part of the TMX Finance Family of Companies 100Customer-Focused Luxury Resort Gives Back to Its Employees: Sandestin 104Chapter 6 Six Questions to Ask Before You Choose a Private Exchange 109What Makes for a True Private Exchange? 111 1 Is Elasticity Built into Its Foundation? 113 2 Does It Include Decision Support and Educational Tools? 114 3 Are Prices Transparent? 116 4 Does It Integrate with Value-Added Services? 118 5 Does It Provide Year-Round Support? 119 6 To What Extent Does It Handle Benefits Administration? 120Chapter 7 Brokers and Exchanges: Better Together 123Rick Strater, Arthur J Gallagher & Co 127 The Role of the Broker 128 Overcoming Misconceptions 128 Employees Don’t Care About Choice 128 Cost Is All That Matters 129 Defined Contribution Is “Cost Shifting” 129Rob Harkins, Willis Towers Watson 130 The Changing Role of Brokers 131 How Can Brokers Win? 131 The Role of HR 133 Technology Is the Future of Benefits 133Chapter 8 Insurers Find a New Way to Move Product 137The Private Exchange: A Bridge to the Future? 139What Insurers Can Gain from Private Exchanges 143Innovators Embrace Private Exchanges Early On 148 Jessica Moser, MetLife 148 Kevin Hill, Oxford Health Plans/UnitedHealthcare 150Insurers Aren’t the Only Ones Innovating 152